Gate.io Bi-Weekly Report (October 1-15)
This new bi-weekly report by Gate.io brings popular events to your attention as well as breaking news to help you stay ahead of the market.
Here is a quick recap of most significant events from the past two weeks:
• Gate.io ‘s “HODL & Earn” launched a new product “Earn Everyday” to facilitate even more chances to earn by holding popular coins (such as BTC, ETH, USDT, GT and USDG) ;
• The USDTest program launched for new users, with an APR of up to 25%;
• Many more products were launched at Gate.io ‘s “HODL & Earn” section, with an estimated APR of up to 118%;
• GT (GateToken)was listed on two more platforms, ChickenSwap and FrogSwap;
• “Happy Seven Day”- earn product for a consecutive 7 days - and Quantitative Strategy Trading Competition during the Mid-Autumn Festival concluded with great success.
• More new coins recently added to Gate.io.
Over the past two weeks, the total perpetual contracts trading volume was about 1,399,206,033 USDT and the crypto-to-crypto trading volume amounted to about 1,034,730,072 USDT.
Starting October 12th , at least one “Earn” product is available to our users at 4:00 AM UTC every day. Holders of popular coins (such as BTC, ETH, USDT, GT and USDG) can lock their holdings for a period of 7 days to earn an APR of up to 15%. The product is offered on a first-come, first- served basis. Until now, five rounds have been launched and each has been fully subscribed to shortly after launch. To participate, visit: https://www.gate.io/hodl
2. Many more products launched at Gate.io ‘s “HODL& Earn” section, with an estimated APR of up to 118%
During the past two weeks, the ninth “Weekly Earn” product, “Lock BTC, ETH and USDT to Earn,” was launched, with an estimated APR of up to 10%. The product was sold out shortly after launch the fifth round of “PoS Staking & Earn” for Algo, XTZ, and VET were launched, facilitating an estimated APR of 8%, 6%, and 13% respectively. “PoS Staking & Earn” product does not require a lock-up of your tokens. Your holdings are available any time you want. We have also launched “Lock JGN To Earn（28 days）” and “Lock USDT to Earn #2 (7 days)”, estimated annual reward about 118% and 15% respectively. To participate, visit: https://www.gate.io/hodl
3.The USDTest program for new users
We have launched the USDTest Program for new users, with an estimated APR of up to 25%. All new users are eligible to the 1000 USDTest after finishing their identity verification. The USDTest is valid for 7 days after the claim and the reward generated will be available for withdrawal and trading afterwards. The program will is a long term project. To claim your USDTest and earn, go to https://www.gate.io/hodl/182
4.“Happy Seven Day”- “Earn” product for on a consecutive 7 days during the Mid-Autumn Festival
From October 1st to October 7th, we launched the locking of BTC, ETH, USDT, and GT to earn a DeFi reward products at Gate.io’s “HODL& Earn” section. All were sold out shortly after launch.
5. Listing Vote#43-47# concluded successfully
During the past two weeks, POLS, ERG, NEST, XZC, and RARI were listed on Gate.io after successfully concluding the listing vote. We have also distributed airdrop rewards of the winning projects to voters. As a rule, USDT collected from voters will be used to buy back and burn GT.
6. More new coins added on Gate.io
We have recently added POLS, ERG, NEST, XZC, and RARI and enabled trading, withdrawal and deposit for all of them. Visit more markets athttps://www.gate.io/trade/BTC_USDT
7. JGN and CORAL Launched via Gate.io’s “Startup”
A total of 1537 participants pledged over 3 million USDT during the JGN startup sale. The final purchase factor was 0.04255. The CORAL sale on Startup is going to start October 16th, 4:00 UTC . To learn more, visit: https://www.gate.io/startup/56
8. USDG auditing report released
Gate USD (USDG) is a crypto-collateralized stable coin aiming to stabilize its value relative to USD. USDG has completed smart contract deployment, which is based on the latest FiatTokenProxy and uses a multisignature + offline signing method to ensure security in contract management. The smart contract has passed every single security test of Knownsec. Read more at https://www.gate.io/docs/audits/gateio_usdg_smartcontract_audit_report_en_v2.pdf
9. GT has been listed on ChickenSwap and FrogSwap
In the voting round of October 5th- 6th, Gate Token (GT) was selected to be added to the ChickenSwap staking pools with the largest number of votes (9,641) amongst 6 candidate projects. Staking GT to mine Chicken (KFC) started on October 7th at 4:00 AM UTC. Learn more about it here: https://www.gate.io/en/article/17976
Frogswap announced the launch of candy mining, with GT being listed there as the first projects for mining. Holding GT meeting certain criteria can enable you to claim FROG candy. Learn more at https://www.gate.io/en/article/17946
10. Quantitative Strategy Trading Competition concluded
Quantitative strategy trading competition has been a success, with a highest day yield of 18167.96518 USDT.
11. Gate.io & TokenInsight's First Global Digital Asset Market Making Competition
and the Third Global Digital Asset Quantitative Trading Competition has Ended
Successfully. Read more at https://www.gate.io/en/article/18016
12. Gate.io conducted several coin swaps
Gate.io finished the LEND to AAVE swap on October 7th, at a ratio of 100 LEND: 1 AAVE. After the swap, we commenced AAVE trading at 11:00 AM UTC on the same day. Learn more at: https://www.gate.io/en/article/17975
Gate.io finished LEND to AAVE swap on October 14th, at aratio of 1:1. Learn more at:
Gate.io finished the IPFS Filecoin 6 month (IOU) to FIL6 swap for the spot trading market on October 10th and for the perpetual contract trading market on October 12th respectively. Following the mainnet launch, FIL6 will be released daily .
Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.
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October 15th, 2020
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